When an issuer or its processor drops offline, the POS does not always get a clean decline. The card scheme may stand in and approve or decline on the issuer’s behalf. The …
Three words every payment professional uses — and confuses. Each lives at a different point in the settlement lifecycle, under a different protocol, with radically different …
Every card-present transaction begins with a question the terminal must answer before anything else: is this card genuine?
A card payment feels instantaneous. The system behind it is not.